Mahindra EPC Irrigation Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	0.3	16.9	2	44.2	0.4
Cash & Short-Term Investments	0.3	16.9	2	44.2	0.4
Cash Growth	-98.22%	745.00%	-95.47%	10950.00%	-99.09%
Accounts Receivable	2,321	1,862	1,482	1,206	1,421
Other Receivables	2.7	1.9	141.8	233.5	204.7
Receivables	2,324	1,864	1,624	1,439	1,626
Inventory	367.3	417	444.6	402.2	360.5
Prepaid Expenses	3.7	3.5	3.4	2.6	3.1
Restricted Cash	13	10.6	11.7	15.9	8.7
Other Current Assets	171.8	206.6	53.1	59.8	36.6
Total Current Assets	2,880	2,519	2,138	1,964	2,035
Property, Plant & Equipment	191.9	206.7	213.8	215	228.8
Long-Term Investments	-	-	-	4.8	7.6
Other Intangible Assets	-	0.6	1.4	2.7	2.9
Long-Term Accounts Receivable	301.4	31.1	37.5	141.1	373.8
Long-Term Deferred Tax Assets	74.9	82.5	112.5	120.3	82.8
Other Long-Term Assets	68.5	75.7	67.3	83.9	67.2
Total Assets	3,517	2,915	2,571	2,532	2,798
Accounts Payable	945.4	715.6	613.3	567.2	620.3
Accrued Expenses	71.1	68.8	58	93.6	90
Short-Term Debt	452.1	251.9	154.2	150	251.9
Current Portion of Leases	0.6	1.1	1.6	0.5	-
Current Income Taxes Payable	8	-	-	-	-
Current Unearned Revenue	116.4	77.2	17.7	15.7	10.9
Other Current Liabilities	63.1	66.4	65.3	65.5	63.9
Total Current Liabilities	1,657	1,181	910.1	892.5	1,037
Long-Term Leases	0.4	1	3.2	1	-
Other Long-Term Liabilities	9.1	7.2	4.8	4.2	7.2
Total Liabilities	1,666	1,189	918.1	897.7	1,044
Common Stock	279.4	279.3	279.1	278.9	278.4
Additional Paid-In Capital	954.9	953.7	951.5	948.6	942.8
Retained Earnings	610.6	486.5	413.8	395.8	516.1
Comprehensive Income & Other	5.6	6.6	8.4	10.8	16.5
Shareholders' Equity	1,851	1,726	1,653	1,634	1,754
Total Liabilities & Equity	3,517	2,915	2,571	2,532	2,798
Total Debt	453.1	254	159	151.5	251.9
Net Cash (Debt)	-452.8	-237.1	-157	-107.3	-251.5
Net Cash Per Share	-16.20	-8.48	-5.62	-3.85	-9.03
Filing Date Shares Outstanding	27.94	27.9	27.91	27.89	27.84
Total Common Shares Outstanding	27.94	27.9	27.91	27.89	27.84
Working Capital	1,223	1,338	1,228	1,072	997.9
Book Value Per Share	66.23	61.86	59.21	58.60	63.00
Tangible Book Value	1,851	1,726	1,651	1,631	1,751
Tangible Book Value Per Share	66.23	61.84	59.16	58.50	62.89
Buildings	104.3	101.6	100.4	99.8	97.9
Machinery	656.8	664.1	643.3	622.3	616.6
Construction In Progress	3.5	2.4	0.9	1	0.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.